Cohen and Steers Global Income Builder (INB) Hits New 1-Year Low at $8.08

Cohen and Steers Global Income Builder (NYSE:INB) hit a new 52-week low on Thursday . The stock traded as low as $8.08 and last traded at $8.20, with a volume of 5581 shares traded. The stock had previously closed at $8.42.

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The business also recently disclosed a monthly dividend, which was paid on Friday, November 30th. Shareholders of record on Wednesday, November 14th were paid a dividend of $0.069 per share. The ex-dividend date was Tuesday, November 13th. This represents a $0.83 annualized dividend and a yield of 10.04%.

A number of hedge funds and other institutional investors have recently modified their holdings of INB. Shaker Financial Services LLC bought a new stake in Cohen and Steers Global Income Builder during the third quarter worth approximately $1,574,000. Doliver Capital Advisors LP bought a new stake in Cohen and Steers Global Income Builder during the third quarter worth approximately $411,000. Royal Bank of Canada increased its stake in Cohen and Steers Global Income Builder by 41.4% during the first quarter. Royal Bank of Canada now owns 39,661 shares of the company’s stock worth $362,000 after acquiring an additional 11,610 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in Cohen and Steers Global Income Builder by 8.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 70,530 shares of the company’s stock worth $670,000 after acquiring an additional 5,451 shares during the last quarter.

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Cohen & Steers Global Income Builder, Inc is a closed-end equity mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the public equity markets across the globe. It also invests in ADR securities. The fund also makes its investments in other close ended funds.